In a move that brings a sigh of relief for global markets, top trade officials from the Chinese mainland and the U.S. agreed in Stockholm to extend a 90-day tariff pause. This decision, reached during high-level talks, signals a commitment to easing tensions while paving the way for potential future trade summits. 👍
Experts shared insights on what this extension means. Trade scholar Sun Taiyi explained that while core issues like market access and export controls remain on the table, avoiding a tariff war is beneficial for both economies. Meanwhile, Professor Cui Fan emphasized that the candid, constructive discussions underline the importance of dialogue in addressing long-standing trade differences, ranging from technology challenges with AI semiconductors to broader macroeconomic policies.
Although many unresolved issues still loom, the agreed-upon pause reflects mutual goodwill and a shared drive to stabilize trade relations. As both sides work through these complexities, the move stands as a promising step toward further cooperation and a more predictable global trade landscape. Stay tuned for more updates as these discussions evolve! 🌏
Reference(s):
cgtn.com
